<<I am 57, he is 63. He is retired (Firefighter) who works PT...I work FT. We own home (no mortgage), have IRAs. Four adult children (well, one still in college). COULD live on retirement pay if we didn't go to see the grandkids (out of state) or go out to eat as often. Sorry... the question is: Do we need Long Term Health Care? For our ages it would amount to over $2,000 for both of us. I have Long Term Disability where I work and as I am the one with the full time job do you think it is enough? We don't want to be "insurance poor," but we also don't want the kids to be saddled with us. Would investments be a better course of action? As I am sure you know, as soon as retirement comes, he comes the sales pressure. Does anyone have any advice? >>

I won't offer any advice, but I will recommend you see my series on long-term care for things you should consider while making this decision. The six articles in that series started with the one of 1/31/00 entitled "The Spectre of Long-Term Care" found at http://www.fool.com/retirement/retireeport/2000/retireeport2000.htm and ended with the one of 3/6/00 entitled "Long-Term Care Finale."

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.